Cullumber Corporation earned $$2,859,000$ during $2025.$ The company had a weighted$-$average of $533,000$ shares of common stock outstanding. The average market price of common stock was $$31$ per share during the year. The company also had $50,000$ warrants outstanding, of which two warrants could be exercised to purchase one share of common stock for $$29$ in total.

$19$

$($a$)$ Are the warrants dilutive?

Yes

$20$

$($b$)$ Compute basic earnings per share. $($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Basic earnings per share

$